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Assume an individual is in the 29% tax bracket. For this individual, an additional $120 deduction allowable in calculating taxable income will reduce taxes

Assume an individual is in the 29% tax bracket. For this individual, an additional $120 deduction allowable in calculating taxable income will reduce taxes payable by additional $120 tax credit allowable will reduce taxes payable by Choose the correct answer. (Round to the nearest dollar.) OA. $120, $35 OB. $35, $35 OC. $35, $120 OD. $120, $120 An

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